Section 69 Addition Quashed Because Housing Loan Explained Source

Arundhati Dnyandeo Kalane Vs ITO (ITAT Pune) ITAT Pune Deletes ₹73.62 Lakh Section 69 Addition Based on Seized Material Belonging to Earlier Year The Pune Bench of the Income Tax Appellate Tribunal (ITAT) decided the assessee’s appeal for AY 2013-14, arising from a reassessment under sections 147/144/144B, wherein an addition of ₹73.62 lakh was made under section 69 towards alleged unexplained investment in purchase of a flat. At the outset, the Tribunal condoned a delay of 363 days in filing the appeal, accepting the assessee’s explanation of non-receipt of notices due to email commun...